India - Latest news GMK Center

Country's steel companies have good positions in the global steel sector

Import prices for Chinese steel products are much lower than domestic ones

The industry association notes that there is a risk of increased steel imports in the coming months

The new production lines are expected to be fully operational by FY2025/2026

Imports of rolled products for the period amounted to 3.7 million tons

Indian steel producer has announced that it has commissioned the largest blast furnace in the country

Production increased from 34.7 million tons to 51.5 million tons. At the same time, by 2030, this indicator is likely to exceed 75 million tons

The plans will focus on increasing the integration of renewable energy sources in the industry

The safeguard measure for these products will remain in effect for another five years

The country will also consider state procurement of such steel products

Africa, Latin America and the Middle East are being studied as potential destinations

The agency made a corresponding request to the Ministry of Trade